The countries in the Gulf Cooperation Council (GCC) had a total of $804.1 billion in foreign savings at the end of the first half of 2024. This number shows how strong these countries’ economies are in the face of changes in the world economy.
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Not only does this large amount show that the GCC is financially stable, but it also shows that investment plans are still being used all over the area. The reserves are very important for foreign capital and economic growth. They also make the GCC countries important players in the world economy.
The information shows how important these funds are for helping the economies of the GCC countries, which are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE. International investors and attention are still drawn to these countries’ strong finances, which strengthens their economic standing even more.
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